IBM recently announced that it has completed the acquisition of Trusteer, Ltd., a privately held leading provider of software that helps protect organizations against fraud and advanced security threats. On August 15, IBM announced that it had entered into a definitive agreement to acquire Trusteer. Financial terms were not disclosed.

"The acquisition of Trusteer builds on more than 40 years of IBM’s rich contribution to the security space,” said Brendan Hannigan, General Manager, IBM Security Systems. “Trusteer will extend our data security capabilities further into the cloud, mobile and endpoint security space. This acquisition helps provide our clients with comprehensive network and endpoint anti-malware solutions.”

Also announced on August 15, IBM is forming a cybersecurity software lab in Israel that will bring together more than 200 Trusteer and IBM researchers and developers to focus on mobile and application security, advanced threat protection, malware, counter-fraud, and financial crimes. This lab is an addition to IBM’s existing research and development facilities in Israel.

Advanced attacks, widespread
fraud and the pervasive use of social media, mobile and cloud computing are
drastically altering the security landscape. As organizations increasingly need
to manage Big Data, the way that corporate data needs to be protected is
rapidly changing.

To aid in the detection of
stealthy threats that can hide in the increasing mounds of data, IBM recently
announced IBM Security Intelligence with Big Data, combining leading security
intelligence with big data analytics capabilities for both external cyber
security threats and internal risk detection and prevention. IBM Security
Intelligence with Big Data provides a comprehensive approach that allows
security analysts to extend their analysis well beyond typical security data
and to hunt for malicious cyber activity.